The deal expands the Houston pipeline company’s ability to move and store oil and gas in the Permian Basin allows it to tap rising demand for gas and storage, thanks to the booming growth of power-sucking AI and data centers.
Amid ongoing crises and tensions between the U.S. and Venezuela, Brent crude oil futures rose on Monday by $1.01, or 1.62%, to $63.39 per barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures increased by $1, or 1.71%, reaching $59.55 per barrel.
Curious Minds Corner
What is a “stripper well”?
A low‑output oil/gas well; in U.S., an oil well producing ≤15 barrels/day over 12 months.